To assess the strength or weakness of the US economy, you need only look at one number every week: the new unemployment claims. This is a rather hard number as it is based on real people filing real claims from layoffs. If does not capture failures of small sole proprietorships, but not much else does that.
IF-WHEN that number falls under 300,000, then one can say the US economy is growing well - fast enough to absorb new graduates and labor force re-entrants. Until then, it's a muddle.
Don't waste time on the forest of other data - just watch that one big tree.
Today we get another data point. I expect another poor number - around 450,000. Ugh.
Word of the Day
"Churl" - noun [$10]
Churl means 1, a medieval peasant; 2. rustic, countryman; 3. a rude, ill-bred person; a stingy, morose person.
Sentence: Has not Barry become quite a churl by his slang comments about BP and what he would do to them ?